---
title: Automating TradingView Indicator Alerts in TradeLocker
slug: automating-tradingview-indicator-alerts-in-tradelocker
date: 2025-05-15
modified: 2026-08-31
author: PickMyTrade Team
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meta_description: "Learn how to automate TradingView indicator alerts in TradeLocker using PickMyTrade, with setup steps for crypto, forex, and CFD trading accounts."
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og_title: Automating TradingView Indicator Alerts in TradeLocker
og_description: "Learn how to automate TradingView indicator alerts in TradeLocker using PickMyTrade, with setup steps for crypto, forex, and CFD trading accounts."
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# Automating TradingView Indicator Alerts in TradeLocker

**Last Updated:** August 31, 2026  |  **Published:** May 15, 2025

## 1. Introduction

**This guide explains how to start automating TradingView indicator alerts in TradeLocker using PickMyTrade.** Whether you’re trading forex or CFDs, this step-by-step process ensures your signals trigger real trades with speed and precision.

---

## 2. Generate Alerts for TradingView Indicators in TradeLocker

From your PickMyTrade dashboard, go to **Generate Alert** to start configuring your automated trade.

![PickMyTrade Generate Alert dashboard showing Symbol Details and Order Details fields for an Indicator alert type](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-35-1024x542.avif)

---

## 3. Select TradeLocker as Your Broker for Automated Trading

Choose **TradeLocker** as your broker from the dropdown list.

![Broker dropdown in Generate Alert with TradeLocker selected from the list of supported brokers](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-37-1024x378.avif)

---

## 4. Configure TradingView Indicator Alerts for Automation

#### Alert Type Options

| Alert Type | Description |
| --- | --- |
| INDICATOR | Based on any technical indicator (e.g., RSI, SuperTrend) |
| STRATEGY | Based on TradingView’s built-in or custom backtested strategies |

Select **INDICATOR** as the preferred alert type for this setup.

![Alert Type dropdown in Generate Alert with INDICATOR option selected over STRATEGY](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-38-1024x328.avif)

---

## 5. Set Instrument Type for TradeLocker Auto Execution

Choose the type of instrument you are trading:

- Forex
- Equity CFD

![Instrument Type dropdown in Generate Alert with Crypto selected over Forex and Equity CFD](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-39-1024x327.avif)

Then enter the **TradingView Symbol** (e.g., BTCUSD). This field is optional unless you’re using stop loss types based on **ticks** or **total loss**.

![Symbol Details form with TradingView Symbol field filled in as BTCUSD](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-40-1024x269.avif)

---

## 6. Define Trade Actions for TradingView Alerts in TradeLocker

Select the type of trading action you want the alert to trigger:

### **Buy Alert**

**If already in a Buy Position:**  
Triggering a new **Buy Alert** will **add to the current buy position**.

**If in a Sell Position:**  
The system will **first close the sell position**, **cancel all open sell orders**, then **open a new buy position**.

> _All open **sell orders** will be canceled when a Buy Alert is triggered._

---

### **Sell Alert**

**If already in a Sell Position:**  
Triggering a new **Sell Alert** will **add to the current sell position**.

**If in a Buy Position:**  
The system will **first close the buy position**, **cancel all open buy orders**, then **open a new sell position**.

> _All open **buy orders** will be canceled when a Sell Alert is triggered._

---

### **Close Alert**

The system will **close all open positions** and **cancel all open orders**.

It will **not open any new positions**.

![Order Details Alert Type dropdown with BUY selected next to SELL and CLOSE options](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-41-1024x482.avif)

---

## 7. Choose Fixed Quantity or Risk-Based Trade Sizing

You have two ways to define trade size:

- **Fixed Quantity** – Manually enter the number of contracts or units.

![Quantity and Risk Management panel set to Quantity Type with Quantity value of 1](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-42-1024x147.avif)

- **Risk Percentage** –When using **Risk Percentage**, the system calculates your trade size so that your **maximum loss equals a fixed percentage of your total account balance**, based on the stop-loss distance.

![Quantity and Risk Management panel set to Risk Percentage with the value field empty](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-43-1024x160.avif)

> Note: If you choose **Risk Percentage**, a stop loss is mandatory as it defines the trade size.

---

## 8. Enable SL/TP When Automating Indicator Alerts

Answer: **Do You Want Stop Loss / Take Profit?**  
Choose **YES** to enable SL/TP configuration.

![Stop Loss and Take Profit panel with the Enable Stop Loss/Take Profit toggle set to No](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-49-1024x169.avif)

---

## 9. SL/TP Methods for TradingView Indicator Alerts in TradeLocker

PickMyTrade supports five SL/TP configuration types. Select one based on your preferred method:

### 9.1 Point / Dollar (From Entry Price)

**Order Configuration**  
You define SL and TP as fixed USD amounts added to or subtracted from the entry price.

- **Stop Loss**: $500
- **Take Profit**: $1,000

**How It Works**

- Stop Loss Price = 102,600 − 500 = **102,100**
- Take Profit Price = 102,600 + 1,000 = **103,600**

![Stop Loss and Take Profit panel in Point/Dollar mode showing 500 stop loss and 1000 take profit values](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-44-1024x387.avif)

### Result Calculation Example — BTC Futures

Assumption:  
1 contract = 1 BTC  
Stop Loss = $500  
Take Profit = $1,000

#### Formula:

**Result = Stop Loss × Lot Size × Quantity**

#### Values Used:

- Stop Loss = 500
- Lot Size = 1 (BTC per contract)
- Quantity = 1 (Number of contracts)

#### Loss Calculation:

500 × 1 × 1 = **$500**

#### Profit Calculation:

1,000 × 1 × 1 = **$1,000**

![Calculation Details popup showing Stop Loss times Lot Size times Quantity formula with result 500.00](https://docs.pickmytrade.io/wp-content/uploads/2025/05/screenshot-20250515-124626.png)

![Calculation Details popup showing Take Profit times Lot Size times Quantity formula with result 1000.00](https://docs.pickmytrade.io/wp-content/uploads/2025/05/screenshot-20250515-124649.png)

---

### 9.2 Percentage

**Order Configuration**  
You define SL and TP as a percentage of the entry price.

- **Stop Loss**: 2%
- **Take Profit**: 5%

**How It Works**

- Stop Loss Amount = 102,600 × 0.02 = **2,052**
- Stop Loss Price = 102,600 − 2,052 = **100,548**
- Take Profit Amount = 102,600 × 0.05 = **5,130**
- Take Profit Price = 102,600 + 5,130 = **107,730**

**Result Calculation**  
For 1 contract:

- Total Loss = $2,052
- Total Profit = $5,130

![Stop Loss and Take Profit panel in Percentage mode showing 2 percent stop loss and 5 percent take profit](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-45-1024x343.avif)

---

### 9.3 Price (From TradingView)

**Order Configuration**  
Instead of static prices, use TradingView’s dynamic variables like:

- **Stop Loss**: `{{plot_1}}`
- **Take Profit**: `{{plot_2}}`

**How It Works**  
When the alert is triggered, PickMyTrade pulls real-time values from the indicator’s plots.

**Example**  
At the time of alert:

- `{{plot_1}}` = 101,000 → SL = 101,000
- `{{plot_2}}` = 105,000 → TP = 105,000

**Alert Message**

```
Stop Loss: {{plot_1}}, Take Profit: {{plot_2}}
```

![Stop Loss and Take Profit panel set to Price from TradingView mode with empty stop loss and take profit fields](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-46-1024x364.avif)

---

### 9.4 Ticks

#### Order Configuration

In this method, you define both **Stop Loss (SL)** and **Take Profit (TP)** in ticks.

---

#### Assumptions:

- **Min Tick** = 0.01
- **Lot Size** = 1
- **Entry Price** = 102,600
- **Stop Loss** = 5,000 ticks
- **Take Profit** = 10,000 ticks

---

#### How It Works:

- **Stop Loss Movement** = 5,000 ticks × 0.01 = **50 points**
- **Take Profit Movement** = 10,000 ticks × 0.01 = **100 points**
- **Stop Loss Price** = 102,600 − 50 = **102,550**
- **Take Profit Price** = 102,600 + 100 = **102,700**

![Stop Loss and Take Profit panel in Ticks mode showing 5000 stop loss ticks and 10000 take profit ticks](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-47-1024x368.avif)

---

#### Result Calculation (1 Contract)

**Formula:**  
`Result = Tick Count × Lot Size × Min Tick × Quantity`

##### Stop Loss Example:

- **Tick Count** = 5,000
- **Lot Size** = 1
- **Min Tick** = 0.01
- **Quantity** = 1

**Result:**  
5,000 × 1 × 0.01 × 1 = **$50.00**

##### Take Profit Example:

- **Tick Count** = 10,000
- **Lot Size** = 1
- **Min Tick** = 0.01
- **Quantity** = 1

**Result:**  
10,000 × 1 × 0.01 × 1 = **$100.00**

> Multiply by **Quantity** for total result.  
> For 2 contracts, the result would be doubled:

- Stop Loss = $100
- Take Profit = $200

![Calculation Details popup showing Stop Loss Ticks times Lot Size times Min Tick times Quantity formula with result 50.00](https://docs.pickmytrade.io/wp-content/uploads/2025/05/123.png)

![Calculation Details popup showing Take Profit Tick times Lot Size times Min Tick times Quantity formula with result 100.00](https://docs.pickmytrade.io/wp-content/uploads/2025/05/124.png)

---

---

### 9.5 Total Profit / Loss

#### Order Configuration

You define your **Stop Loss** and **Take Profit** in absolute USD values **per contract**.

---

#### Example Configuration:

- **Stop Loss per Contract** = $500
- **Take Profit per Contract** = $1,000
- **Quantity** = 1 contract

---

#### How It Works:

- **Total Loss** = $500 × 1 = **$500**
- **Total Profit** = $1,000 × 1 = **$1,000**

---

### Point Movement for Reference (Optional)

Assuming the underlying asset (e.g., BTCUSD) moves **$1 per point**, and the **Entry Price** is 102,600:

- **SL in Points** = $500 ÷ $1 = **500 points**
- **TP in Points** = $1,000 ÷ $1 = **1,000 points**
- **Stop Loss Price** = 102,600 − 500 = **102,100**
- **Take Profit Price** = 102,600 + 1,000 = **103,600**

![Stop Loss and Take Profit panel in Total Profit/Loss mode showing 500 total loss and 1000 total profit per contract](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-48-1024x370.avif)

---

## 10. Assign TradeLocker Accounts for Automated Alert Execution

Once you’ve configured your alert and SL/TP settings, the next step is to select the trading account for execution. PickMyTrade allows both single-account and multi-account execution. You also have the option to manage position sizing via **Quantity Multiplier** or **Risk Percentage**.

---

### Would you like to add multiple accounts or select a specific account for trade execution?

Answer: **YES**

Additional configuration fields become visible, allowing you to connect your TradeLocker accounts and define execution parameters.

---

### Add Account Settings

When adding a TradeLocker account to your current PickMyTrade account, configure the following fields:

![Add Trading Account modal configuring a TradeLocker sub-account with connection name and quantity multiplier position sizing](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-50.avif)

| Field Name | Example Input | Explanation |
| --- | --- | --- |
| PickMyTrade Conn. Name | TRADELOCKER1 | Choose the correct connection name from the dropdown. Ensure it matches the TradeLocker connection you created earlier. |
| TRADELOCKER Acc. Name | TL001928 | Choose your TradeLocker account from the dropdown. This must be an account linked to your current TradeLocker login. |
| Option | QUANTITY MULTIPLIER / RISK PERCENTAGE | Select your preferred position sizing method. |
| QUANTITY MULTIPLIER | 1 (if selected) | If a multiplier of 2 is selected, trade size will be doubled. Example: 5 contracts × 2 = 10 contracts. |
| RISK PERCENTAGE | 2% (if selected) | If selected, each trade will risk 2% of total account capital. For a $50,000 account, the max risk per trade is $1,000. |

> Make sure the TradeLocker connection and account names are properly selected from the dropdown menus to ensure execution works correctly.

---

### 10.2 Add TradeLocker Account in Another PickMyTrade Account

If you want to link a TradeLocker account to a **different PickMyTrade account** (not your currently logged-in one), use the following configuration.

This is useful when managing multiple PickMyTrade logins or setting up execution for accounts not tied directly to your active session.

![Add Trading Account modal set to Another TradeLocker login with empty PickMyTrade Token and Connection Name fields](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-51.avif)

### Add Account Settings (Cross-Account Configuration)

| Field Name | Example Input | Explanation |
| --- | --- | --- |
| PickMyTrade Token | abcd1234xyz | Enter the unique PickMyTrade Token from the account you want to integrate. This allows you to push trades into a different PickMyTrade account. |
| PickMyTrade Conn. Name | TRADELOCKER1 | Define the connection name. This should correspond to the TradeLocker connection within the target PickMyTrade account. |
| TRADELOCKER Acc. Name | TL002091 | Enter the exact TradeLocker account name as it appears in the TradeLocker terminal. |
| Option | QUANTITY MULTIPLIER / RISK PERCENTAGE | Choose your preferred position sizing method. |
| QUANTITY MULTIPLIER | 1 (if selected) | Multiplies all trade quantities. For example, if a trade normally uses 3 contracts, setting this to 2 will result in 6 contracts. |
| RISK PERCENTAGE | 2% (if selected) | Automatically calculates position size based on a percentage of account capital. For example, 2% of a $50,000 account = $1,000 max risk per trade. |

> Ensure the **PickMyTrade Token** is copied correctly and the TradeLocker connection exists in the target account, or execution will fail.

---

10.3 Generate Alert Code for Indicator Execution

Once all accounts are added and configured, click **Confirm & Generate Alert** button.

![Add Trading Account modal with one account queued and the Confirm and Generate Alert button visible](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-102.avif)

---

## 11.Final Alert for TradingView and TradeLocker Automation {#block-c7cb1972-eb2c-4e6c-91ce-e423cf789825}

After generating the alert, you’ll receive a JSON payload.

![Added TradeLocker Accounts table with Generate Alert button and the final JSON alert payload code below](https://docs.pickmytrade.io/wp-content/uploads/2025/05/image-52-1024x426.avif)

Next, follow the link below to learn how to set up your TradingView alert for automated trading:

**[Setting Up TradingView Alerts for Automated Trading](https://docs.pickmytrade.io/docs/setting-up-tradingview-alerts-for-automated-trading-with-rithmic/)**

## More Resources

Want to automate trades on platforms beyond Rithmic, such as Interactive Brokers, TradeLocker, TradeStation, or ProjectX?  
[Explore all PickMyTrade setup guides](https://docs.pickmytrade.io/docs/)

Using Tradovate instead?  
[View the Tradovate automation guide](https://docs.pickmytrade.trade/docs/)

[Get PickMyTrade → Automate Your TradingView Strategies](https://pickmytrade.io "PickMyTrade - Automated Trading")

Last updated: **August 31, 2026**

For AI tools & developers:[View Markdown →](https://docs.pickmytrade.io/docs/automating-tradingview-indicator-alerts-in-tradelocker.md)